Coinstash review
- Regulator registration
- AUSTRAC
- Supported assets
- 785
- Fiat currencies
- 1
Our verdict
Access over 1,000 cryptocurrencies on this innovative Australian exchange.
Launched in 2017, Coinstash is a dedicated cryptocurrency exchange focused on providing easy access to an enourmous range of coins and tokens.
Headquartered in Brisbane, the exchange offers competitive trading fees on more than a thousand different cryptocurrencies through its innovative DeFi Connector service.
DeFi Connector allows Aussies to easily purchase a huge range of altcoins from decentralised exchanges using AUD.
The platform boasts a variety of payment methods, educational resources and a customer service team that cares about helping users with their investments.
For investors looking for a simple, easy to use, spot cryptocurrency exchange, Coinstash will tick a lot of the boxes.
Coinstash charges a flat 0.85% fee for all trades, with no charges for depositing or withdrawing AUD.
The user interface is intuitive, which makes it an ideal platform for those looking to onboard into the world of cryptocurrency.
Other notable Coinstash features include crypto swaps, rewards and bundle buys.
Pros
- DeFi Connector. Coinstash's innovative DeFi Connector gives you access to hundreds of exotic cryptocurrencies from DeFi exchanges across a number of blockchains. This can be considerably cheaper than trading on-chain and also gives you access to trending coins and tokens before they list on major exchanges.
- Complies with the Australian Transaction Reports and Analysis Centre regulations in Australia. AUSTRAC is the peak body for regulating cryptocurrency exchanges in Australia which requires Coinstash to comply with laws and regulations that are intended to provide certain protections for users.
- Over 784 cryptocurrencies supported. Coinstash supports 784+ assets, which should give you a good range of industries and asset types to invest in without needing to hop between multiple exchanges.
- Trade with multiple fiat currencies. Coinstash allows you to trade with 1 currencies including AUD, .
- Deposit and withdraw AUD directly to your bank account in Australia. With Coinstash you can deposit cash from your Australian bank account and cash out back into the same account.
Cons
- Comparatively high trading fees. Coinstash charges maker/taker fees of 0.85/0.85% on the spot market which is high compared to some other platforms. If low trading fees are important, use our table to compare trading fees between platforms.
Details
Product details
| Product Name | Coinstash |
| Fiat Currencies | AUD |
| Cryptocurrencies | BTC, ETH, XRP, BCH, EOS, FET, LTC, ADA, XLM, TRX & 775 more |
| Deposit Methods |
Bank transfer Cryptocurrency Osko PayID |
| Trading Fee | 0.85% |
| Deposit Fees | None |
| Withdrawal Fees |
Cryptocurrency: Fees vary AUD: None |
Ratings breakdown: How we scored Coinstash
| Supported cryptocurrencies | ★★★★★ |
| Transferring money or assets | ★★★★★ |
| Fees and costs | ★★★★★ |
| Ease of use | ★★★★★ |
| Customer service | ★★★★★ |
| Features | ★★★★★ |
| Staking/earn | ★★★★★ |
| Trustworthiness/security | ★★★★★ |
How we rate our crypto exchanges and platforms
Finder's editors objectively assess each platform across a spectrum of performance metrics using a system of 1 to 5 stars, which are designed to help you assess a crypto platform's strengths and weaknesses. You can read our full methodology for more information.
Our score and selection of the best crypto exchanges is based on the same criteria as our annual Crypto Trading Platform Awards, updated by our editorial team throughout the year to reflect changes in the market.
About Coinstash
Starting in 2017, Coinstash has exchanged over AUD$120 million and helped over 25,000 customers enter the world of cryptocurrency.
The exchange was founded by Ting Wang and Mena Theodorou and is headquartered in Brisbane.
In 2022 Coinstash launched their DeFi Connector product, which gives users access to a range of exotic DeFi tokens across 6 different blockchains.
The company is highly rated on Trustpilot, with an average rating of 4.6 from over 600 reviews (as of May 8, 2023).
Coinstash supported assets
Coinstash supports over 784 cryptocurrencies. In total, Coinstash carries 20 of the top 20 cryptos by market cap.
Popular assets on CoinstashCoinstash fees review
Deposit and withdrawal fees
| Transaction type | Fee |
|---|---|
| Deposit funds | None |
| Withdraw funds | Cryptocurrency: Fees vary AUD: None |
Coinstash uses a maker taker fee structure for spot market trading. Instant purchases incur a separate fee.
| Type | Fee |
|---|---|
| Maker | 0.85% |
| Taker | 0.85% |
Maker fee explained. A maker fee is the fee charged when you propose an order for other traders to take. In other words, this fee is charged when you place a limit order to sell an asset, but that order is not filled immediately.
Taker fee explained. A taker fee is a fee charged when a buy order is matched immediately with a sell order on the books. This is the fee charged when you place a market buy order.
Coinstash deposit methods
- Bank transfer
- Cryptocurrency
- Osko
- PayID
How to sign up on Coinstash
Before you can get started trading on Coinstash, you'll have to go through a Know Your Customer (KYC) verification process (which usually involves proof of identification).
- Get started
Visit Coinstash's site. After selecting the Get Started button, fill in the create account form. - Set up payment
Before you can start trading, you have to add your bank account to your Coinstash account. There are several options to choose from, so choose the option most compatible. - Provide identification
Before you can make withdrawals and increase your transaction limits, you must submit proof of address and some additional identification. Use either a passport or a driver's license for this. - Start trading
After all that is processed, you're ready to trade on Coinstash.
About the Coinstash app
Coinstash is available for download on Google Play and the App Store. It is simple to use and has a beginner-friendly UI. Once logged in and verified you will have access to trading all of the listed coins and tokens available on the desktop site.
It also features a portfolio tracker so you can keep an eye on how your investments are performing. You can also use it to deposit or withdraw funds any time.
The app includes access to the rewards feature. Rewards are calculated weekly and can be redeemed via crypto, stablecoins or merch.
| App store | Rating | Total reviews |
|---|---|---|
| Google Play | 4.2 stars | 52 reviews with 1k downloads |
| Apple Store | 4.5 stars | 70 reviews |
Is Coinstash safe?
Regulation. Coinstash is headquartered in Brisbane, Australia, with the website being run and owned by a company called TWMT. The company is registered with AUSTRAC and is regulated by all Australian financial laws and anti-money laundering policies.
The company holds a wholesale Australian Financial Services Licence AFSL via Brindabella Investment Group Pty Ltd (AFSL No. 510735).
Security features. Coinstash encourages the use of 2-factor authentication (2FA), which means a secondary time-sensitive 6-digit code must be entered for account access. The exchange also implements secure SSO encryption.
Coinstash has a dedicated Security Page outlining how they safeguard customer assets, which includes the use of Fireblocks – an industry leading security provider for cryptocurrency exchanges.
Keeping your crypto secure
All centralised exchanges, including Coinstash, are vulnerable to counterparty risks like hacking, theft and insolvency. Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds. We've shared some of our top picks below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 9,000+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $179 |
Price (USD) $49.99 |
See more of the best crypto wallets
Coinstash customer support
Coinstash provides customer support through live web chat. Customer support is provided every day between 9am and 11pm.
When we tested this we were put in touch with a human within 3 minutes.
If customer support is unavailable you can speak with a bot or leave an email address to be contacted at later.
Alternatively, you can browse help centre articles or send a request via email if you don't need to speak directly with customer support.
How to reach Coinstash customer support
- Help center articles
- Live chat
Alternatives to Coinstash
James Finder
Editor
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